From optimizing cash flow to adding new partners and acquiring another practice, you can rely on the broad expertise of the wealth management and banking professionals at Boston Private. Our extensive resources are available to address your changing needs with the expert advice, responsiveness, and personal attention you deserve.
Improving Cash Flow
Private practices often experience fluctuations in cash flow. Working with a private banking professional to arrange for a working capital line of credit or other cash management solutions can help make your operations more predictable.
We understand the special credit needs of law firms, and you can count on us to streamline the process. And, while we offer the comprehensive services you expect from a larger financial institution, our experts have the ability to make timely decisions in your local market. We will work closely with you to build tailored credit solutions designed to help you achieve your goals.
Meet Annette. This is her WHY.
Doing for others has been instilled in Annette Palazuelos since childhood. Her definition of wealth has less to do with money and more to do with being able to employ people, help their families, and give back whenever possible.
Upgrading Your Office
One of our law firm clients recently relocated their firm to another location.
We provided a loan for tenant improvements, a standby letter of credit to back their lease with the new landlord, and a line of credit for working capital purposes.
Enabling Your Younger Partners
A partner needed capital to buy into the partnership.
We provided term financing to the partner with minimal underwriting requirements under a committed line of credit guaranteed by the firm.
Avoiding Conflicts of Interest
A partner in a law firm with restrictions on owning certain securities needed an investment plan that took those stock restrictions into consideration. The partner also requested assistance in developing a retirement plan.
We created a customized investment plan with restrictions on buying stocks of ETFs holding the restricted securities. Then we created a goals-based plan for retirement, taking into account income needs and savings.
Partner Equity Purchase Financing
Cash Management Services
Retirement Plan Advisory